"SanDisk joins the NASDAQ 100 effective April 20, which is one of the most predictable demand catalysts a stock can get. Index-tracking ETFs and mutual funds that benchmark to the NASDAQ 100 are required to add SNDK to their holdings before the effective date, creating a wave of forced institutional buying that traders have been positioning ahead of all week."
"Management has guided for revenue of $4.4 billion to $4.8 billion and adjusted EPS of $12 to $14, with non-GAAP gross margin expected in the 65% to 67% range."
SanDisk stock increased by 7% following a Friday close of $851.77, reaching $915. Three key factors are influencing this rise: inclusion in the NASDAQ 100, an upcoming earnings report, and growing demand for AI-driven NAND. The NASDAQ 100 inclusion on April 20 will create mandatory buying from index-tracking funds. SanDisk's earnings report on April 30 is expected to show revenue between $4.4 billion and $4.8 billion, with a strong gross margin. The company has established itself as a significant player in the semiconductor market.
Read at 24/7 Wall St.
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